18 Dec 2009 09:40
China Goldmines plc ('the Company')
Result of AGM and Appointment of UK based non executive chairman
At the AGM held earlier today the Company withdrew resolutions 6,7 & 8 concerning the re-appointment of Clive Donner and Evan Kirby and the proposed investing policy. All other resolutions were passed.
At the meeting it was announced that Robert Adair has been appointed independent non-executive chairman of the Company with immediate effect.
Welcoming Mr Adair to the Board Frank Vanspeybroeck, CEO, commented: "Robert Adair brings significant UK plc experience to China Goldmines. In our circular to shareholders in September this year we set out our intention to appoint a senior UK based non executive to the Board. We look forward to the opportunity of working with Robert and drawing on his experience as we endeavour to take the Company forward."
Mr Adair commented: "I am aware that a significant proportion of the shareholders wish the Company to come forward with a credible business acquisition or to return funds to shareholders. I look forward to working with my Board colleagues to deliver a strategy aligned to shareholders' needs".
The Board intends to appoint a further independent UK based non executive director in the near future. The Board will also move forward with an investing policy that will be aligned to shareholders' needs.
For further information, call:
| China Goldmines plc | |
| Frank Vanspeybroeck (CEO) | +86 845 38531 |
| Marinko Vidovich (CFO) | +61 8 6216 5200 |
| Brewin Dolphin Ltd (Nomad) | |
| Alex Dewar (Nominated Adviser) | +44 131 529 0276 |
| Threadneedle Communications Laurence Read/Beth Harris | +44 (0)20 7653 9855 |
Information required to be disclosed pursuant to Rule 17 and Schedule 2 paragraph (g) of the AIM Rules.
Mr. Adair is a beneficial holder of 1,301,664 ordinary shares in the Company, amounting to 2.69% of the entire share capital. Mr Adair has pledged 134,998 of these ordinary shares to be used as funds in an underwriting commitment at Lloyds of London.
Robert Fredrik Martin Adair, 52, is a current director of the following companies and/or member/partner of the following partnerships:
Melrose Mediterranean Limited
Crossroads Ventures (UK) Limited
First Car Wash plc
Mister Clean plc
Melrose Petroleum Limited
Melrose Petroleum II Limited
Skye Holdings Limited
Terrace Hill Group plc
CCL Veloduct Limited
Melrose Petroleum III Limited
Melrose Petroleum IV Limited
Melrose Resources plc
Leed Petroleum plc
Westview Investments Limited
Petreco Limited
Skye Investments Limited
Earlycall Limited
Broadspan Limited
CCLV Holdings Limited
Plexus Holdings plc
Earthrapid Limited
Terrace Hill Residential plc
TH (One Portland Place) Limited
Petreco s.a.r.l (Luxembourg)
Merlon Petroleum Company of Egypt (Cayman Islands)
Terrace Hill Lettings
Skye Securities Limited
ICP Holdings Limited
ICP General Partner Limited
ICP Capital Limited
Ingenius Film Partners 2 LLP
Wharrels Hill LLP
Nomina No. 100 LLP
The Invicta Film Partnership
No.37, LLP
The Invicta Film Partnership
No.34, LLP
Dart Films LLP
Scion Films (Creation 2)
Production Partnership
Trieste Film Partners
Turin Film Partners
Opal Film Partners
Diamond Film Partners
Cowesby Estate Partnership
Mr Adair has, in the past five years, been a director of the following companies:
Chameleon Trust plc
Revera Asset Management Limited
Melrose Energy Company (USA)
Melrose Petroleum (US) Limited (USA)
Melrose Resources Inc.
Honiton Energy Services Limited
Honiton Energy Limited
Hubbell Realty (USA)
SERAH Properties plc
Skye Capital Partners Limited
Terrace Hill Development Limited
Safe Gard Europe Limited
Oakburn Investment Holdings Limited
Terrace Hill Limited
Terrace Hill North East Limited
Grosvenor Land Holdings Limited
Westview Group Limited
Terrace Hill Lettings
Real Education plc
Safe Gard Security Limited
Crossroads Ventures (US) Limited (USA)
Melrose Oil Company (USA)
Odyssey Petroleum Corporation (Alberta, Canada)
The Beckenham Group plc
Hubbell Realty (USA)
CCL Lindab Limited
The AERW and RFMA Consultancy Partnership
Terrace Hill Partnership
In respect of Robert Adair's appointments set out above:
(a) Conderton Limited was placed in administrative receivership on 15 December 1993 and was placed in compulsory liquidation on 8 March 1994. Robert Adair was a director of this company within the 12 months prior to these dates.
(b) Poselco Limited was placed in administrative receivership on 15 December 1993 and was placed in compulsory liquidation on 23 March 1994. Robert Adair was a director of this company within 12 months prior to these dates.
(c) Telematix Limited was placed in creditors' voluntary liquidation on 24 August 2001. Robert Adair was a non-executive director of this company within the 12 months prior to that date.
(d) The Beckenham Group plc was placed in administrative receivership on 17 November 1993. At the time of the receivership, a total of £8.56 million was owing to creditors. Robert Adair was a non-executive director of this company on that date.
(e) Safe Gard Europe Limited was placed in administration on 6 January 2005. At the time of the administration, a total of £5.52 million was owing to creditors. Robert Adair was a director of this company within the 12 months prior to that date.
Other than the information contained within this announcement, there is no further information required to be disclosed by the AIM Rules.